ITR-3 is a new form introduced this year by the income tax department and substitute of old ITR-4 form which is to be used by individuals and HUFs for filing income tax returns.
This income tax return form is used by HUFs and individuals which come under these following categories:
Part-A: General Information
Part-A-BS: Balance Sheet as on 31st day of March,2017 of the proprietory business or profession.
Part-A-P & L: Profit and Loss Account for the financial year 2016-17
Part-A-OI: Other Information
Part-A-QD: Quantitative Details
Part-B-TI: Computation of Total Income
Part-B-TTI: Computation of tax liability on total income.
SCHEDULES OF THE RETURN FORM:
Schedule S: Details of Income from Salary
Schedule HP: Details of Income from house property
Schedule BP: Details of Income from business or profession.
Schedule DPM: Depreciation of plant and Machinery
Schedule DOA: Depreciation on other assets.
Schedule DEP: Summary of depreciation on assets.
Schedule DCG: Deemed Capital gains on sale of depreciable assets
Schedule ESR: Deduction under Section 35 or 35CCC or 35CCD
Schedule CG: Capital Gains
Schedule OS: Income from other sources.
Schedule CYLA: Details of income after set-off of current years losses
Schedule BFLA: Details of income after set-off of brought Forward losses of earlier years.
Schedule CFL: Details of losses to be carried forward to future years.
Schedule UD: Unabsorbed depreciation and allowance under section 35(4)
Schedule ICDS: Effect of income computation Disclosure standards on profit.
Schedule 10A: Deduction under Section 10A
Schedule 10AA: Deduction under Section 10AA
Section 80G: Details of donations entitled for deduction under Section 80G.
Schedule 80-IC or 80-IE
Schedule AMT: (Computation of Alternate Minimum Tax payable under section 115JC)
Schedule AMTC: (Computation of tax credit under Section 115JD)
Schedule SI: (Income chargeable to tax at special rates)
Schedule IF: (Information regarding partnership firms in which you are partner
Schedule EI: Details of Exempt Income
Schedule PTI: Pass through income details from business trust or investment fund as per section 115UA,115UB
Schedule FSI: Details of income from outside India or tax relief
Schedule TR: Summary of tax relief claimed for taxes paid outside India
Schedule FA: Details of foreign assets from any source outside India
Schedule AL: Asset and Liability at the end of the year (other than those included in Part-A-BS) (applicable in a case where total income exceeds Rs.50 lakh)